1. Which of the following is FALSE: a. A non-recourse loan is one in which the borrower is personally liable for payment of all amounts due under the terms of the note b. A second mortgage is a junior lien mortgage that is sometime used to bridge the gap between the cost to acquire a property and the sum of the first mortgage and down payment c. A technical default can result from failure to keep the property in repair d. A sale in which the proceeds from the sale are less than the balance owed on the loan secured by the property sold